What is Net Metering?

Written by in Solar 101

One of the key innovations in recent years has been the introduction of Net Metering, which allows homeowners and businesses to sell solar-generated electricity to the grid at the same price at which they purchase it, literally spinning their meter backwards.

Solar energy offsets the electricity consumed, and, while the amount generated may differ from that used on a monthly basis, the account is balanced annually.

Energy produced that exceeds 110% consumed is sold to the grid at wholesale rates. Lampros Solar designs systems to produce electricity generation to be below the 110% usage threshold.

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